UBS Group Cuts PayPal (NASDAQ:PYPL) Price Target to $136.00

PayPal (NASDAQ:PYPLGet Rating) had its target price decreased by UBS Group from $143.00 to $136.00 in a report published on Wednesday morning, MarketBeat.com reports. UBS Group currently has a buy rating on the credit services provider’s stock.

Several other brokerages have also commented on PYPL. Citigroup raised their price target on PayPal from $120.00 to $122.00 in a research note on Wednesday. Truist Financial lifted their target price on PayPal from $80.00 to $108.00 and gave the company a hold rating in a research note on Wednesday. Oppenheimer cut their target price on PayPal from $173.00 to $118.00 in a research note on Thursday, April 28th. BMO Capital Markets cut their target price on PayPal from $183.00 to $114.00 in a research note on Thursday, April 28th. Finally, Morgan Stanley cut their target price on PayPal from $137.00 to $129.00 and set an overweight rating on the stock in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $139.43.

PayPal Stock Performance

Shares of PayPal stock opened at $95.32 on Wednesday. The firm has a market cap of $110.38 billion, a P/E ratio of 54.78, a P/E/G ratio of 2.23 and a beta of 1.49. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.52. PayPal has a 12 month low of $67.58 and a 12 month high of $296.70. The stock’s fifty day moving average price is $79.13 and its 200-day moving average price is $98.21.

Insider Activity

In other news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the completion of the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of PayPal

Several large investors have recently made changes to their positions in the company. Meridian Wealth Management LLC increased its position in shares of PayPal by 10.5% during the second quarter. Meridian Wealth Management LLC now owns 18,087 shares of the credit services provider’s stock worth $1,263,000 after purchasing an additional 1,721 shares in the last quarter. Wealth Advisory Solutions LLC increased its position in shares of PayPal by 78.2% during the second quarter. Wealth Advisory Solutions LLC now owns 58,318 shares of the credit services provider’s stock worth $4,073,000 after purchasing an additional 25,595 shares in the last quarter. Tamar Securities LLC boosted its stake in PayPal by 6.2% during the second quarter. Tamar Securities LLC now owns 74,707 shares of the credit services provider’s stock worth $5,218,000 after buying an additional 4,390 shares during the last quarter. M. Kulyk & Associates LLC boosted its stake in PayPal by 27.7% during the second quarter. M. Kulyk & Associates LLC now owns 3,160 shares of the credit services provider’s stock worth $221,000 after buying an additional 685 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in PayPal by 17.6% during the second quarter. Pinebridge Investments L.P. now owns 256,149 shares of the credit services provider’s stock worth $17,889,000 after buying an additional 38,318 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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